The scary part is, can the FDIC really pay off on all those bank accounts??

I just told a friend that I was at Lord and Taylor's taking advantage of their clearance sale. The same company that owns them bought Fortunoff. Lord and Taylor planned to close all their fine jewelry departments (hence the 70-80% off) and open Fortunoff boutiques in their stores. Then Fortunoff went belly up. Why Lord and Taylor is still going ahead with closing the department, I don't know, but the saleswoman that helped me told me that she's been with Lord and Taylor for almost 17 years and she's pretty sure she'll be out of work before the end of March.